On the hourly chart, the price has pushed back above the 50% midpoint of the July low-to-high move at 0.80405. Momentum is now carrying the pair toward the upper boundary of the swing area between 0.80438 and 0.80467 (see red numbered circles). A firm break above that zone would shift the focus higher, with traders eyeing the 100- and 200-hour moving averages clustered between 0.8057 and 0.80597 as the next key targets.
Looking at the EURUSD, it is moving with a dollar higher bias. The price of just reached a low of 1.16404. The 100 bar moving average on the 4-hour chart comes in at 1.1640. The 200 bar comes in at 1.16419. The price and the 2 moving averages both converged at the same area. Key level for buyers and sellers.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about usdchf hits new highs as usd strengthens eyes further gains ahead eurusd reaches target was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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